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Tag: Payments

PayPal to Layoff 7 Percent of Its Workforce

January 31, 2023January 31, 2023 Ina Steiner
PayPal

PayPal will layoff 2,000 full time employees, which is about 7% of its total workforce, the company announced on Tuesday. It comes as other tech and ecommerce companies have laid off employees, including Amazon and […]

Leave a commentNews, PaymentsDan Schulman, Elliott Management, Layoffs, Payments, PayPal, PayPal layoffs

Visa Provides Faster Payouts and Tipping for Content Creators

October 14, 2022 Ina Steiner
Visa

Visa launched a new solution designed to help content creators get faster access to their funds and accept donations and tips from their audiences. The Visa Ready Creator Commerce program is a solution for platforms […]

News, PaymentsContent creators, Payments, Visa, Visa Ready, Visa Ready Creator Commerce

PayPal and Amazon Face Scrutiny over Payments

October 21, 2021October 25, 2021 Ina Steiner

What are online payment services up to? Not just PayPal and Square, but offerings from the likes of Amazon, Google, and Facebook? Some “tech” companies are acting more like financial institutions – such as banks […]

News, PaymentsAmazon, Apple, CFPB, Consumer Financial Protection Bureau, Facebook, Google, Payments, PayPal, Rohit Chopra, Square

Facebook Pay Spills over into Other Platforms

July 14, 2021July 14, 2021 Ina Steiner
Facebook

Facebook allows users to pay for products and services using its digital wallet, and now it’s expanding Facebook Pay beyond its own platform and into the stores of online merchants, beginning with Shopify. Facebook lets […]

Marketplaces, NewsDigital wallets, Facebook, Facebook Pay, Payments

BigCommerce Adds Multi-Currency Features for International Sales

February 5, 2020February 5, 2020 Ina Steiner
BigCommerce

BigCommerce launched a suite of multi-currency features to help merchants “natively” present, transact and settle in more than 100 currencies, stating that it strengthens the ability to sell cross-border to shoppers around the globe. The […]

News, PaymentsBigCommerce, Payments

Square Charges New Fees for Quick Access to Funds

January 7, 2020January 7, 2020 Ina Steiner
Square logo

Square is imposing new fees for merchants who transfer funds to their bank account, it announced on Tuesday. Beginning on February 7, 2020, the rate for instant and same-day transfers from a Square balance to […]

News, PaymentsPayments, Square

PayPal Expands Global Reach with MercadoLibre Agreement

December 30, 2019December 30, 2019 Ina Steiner
PayPal

PayPal expanded its international reach through a new agreement with MercadoLibre, one of the largest online commerce and payments ecosystems in Latin America. PayPal CEO Dan Schulman made the announcement in a post on LinkedIn […]

1 CommentNews, PaymentsMercadoLibre, Payments, PayPal

Google Turns to PayPal to Fill Commerce Leadership Role

December 11, 2019December 11, 2019 Ina Steiner
Google

Departing PayPal executive Bill Ready confirmed via Twitter he’s heading to Google as its new President of Commerce. Indications of what this means for Google can be found on his LinkedIn bio, where he states […]

News, PaymentsBill Ready, Google, Google Shopping, Payments, PayPal

PayPal to Enter China with Stake in Gopay

September 30, 2019September 30, 2019 Ina Steiner
PayPal

PayPal acquired a 70% stake in Chinese company Gopay, becoming the first foreign company to acquire a payments license in China, according to the Financial Times. The UK newspaper said China’s online payments market is […]

News, PaymentsGopay, Payments, PayPal, PayPal China

Amazon Makes It Easier to Buy with Cash

September 18, 2019September 18, 2019 Ina Steiner
Amazon

Amazon is making it easier to buy with cash with the launch of Amazon PayCode in the US today. Customers who pay using Amazon PayCode have 24 hours after their order is placed to provide […]

2 CommentsNews, PaymentsAmazon Cash, Amazon PayCode, Payments

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